Iluka Resources Limited (OTCMKTS:ILKAY – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 3,458 shares, a growth of 62.8% from the September 30th total of 2,124 shares. Based on an average trading volume of 3,108 shares, the short-interest ratio is currently 1.1 days.
Iluka Resources Trading Down 1.3%
OTCMKTS ILKAY opened at $19.59 on Tuesday. The firm’s 50 day simple moving average is $21.46 and its 200 day simple moving average is $23.32. Iluka Resources has a 1 year low of $16.44 and a 1 year high of $32.01.
Iluka Resources Company Profile
Iluka Resources Limited is an Australian mineral sands company that explores, develops and operates mines and processing facilities. Its principal products include zircon and titanium dioxide feedstocks, such as synthetic rutile and ilmenite, which are used in ceramics, pigments, coatings, plastics and other industrial applications.
The company’s operations and mineral resources are primarily located in Australia, with a history of international activities in mineral sands. Iluka has also developed the Eneabba mineral sands deposit in Western Australia as a potential source of monazite, a mineral containing rare earth elements.
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